Manitowoc VP Dean J. Nolden Sells 6,000 Shares (MTW)
Manitowoc (NYSE:MTW) VP Dean J. Nolden sold 6,000 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $26.50, for a total transaction of $159,000.00. Following the completion of the sale, the vice president now directly owns 20,230 shares of the company’s stock, valued at approximately $536,095. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Manitowoc in a research note to investors on Friday, January 24th. They now have a $30.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Manitowoc in a research note to investors on Thursday, January 23rd. They now have a $27.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Manitowoc from $23.00 to $28.00 in a research note to investors on Monday, January 13th. They now have an “overweight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Manitowoc has a consensus rating of “Buy” and a consensus target price of $25.90.
Manitowoc (NYSE:MTW) traded up 14.90% during mid-day trading on Friday, hitting $28.45. 16,266,941 shares of the company’s stock traded hands. Manitowoc has a 1-year low of $16.18 and a 1-year high of $26.03. The stock’s 50-day moving average is $23.68 and its 200-day moving average is $20.8. The company has a market cap of $3.802 billion and a P/E ratio of 21.44.
Manitowoc (NYSE:MTW) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.13. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. On average, analysts predict that Manitowoc will post $1.52 earnings per share for the current fiscal year.
The Manitowoc Company, Inc (NYSE:MTW) is a multi-industry, capital goods manufacturer.
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